Ginnie Mae is an acronym for which organization?

• A. General National Mortgage Association
• B. Government National Mortgage Alliance
• C. Government National Mortgage Association
• D. Global National Mortgage Association

Answer: (C)

Ginnie Mae stands for Government National Mortgage Association. It’s the U.S. government agency under the Department of Housing and Urban Development that guarantees mortgage-backed securities backed by federally insured loans (such as FHA, VA, and USDA loans). The four words in the name describe its framework: Government shows it’s a government entity, National indicates nationwide scope, Mortgage points to home loans, and Association is the organizational form. The other options don’t fit because they replace one of those key words (for example, General or Global instead of Government or National, and Alliance instead of Association), which would not be the official name.